|
Borrowings and Credit Arrangements (Tables)
|
6 Months Ended |
|
Mar. 30, 2013
|
| Debt Disclosure [Abstract] |
|
| Company's Borrowings |
The Company’s borrowings consisted of the
following:
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March 30, 2013 |
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|
September 29, 2012 |
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Current debt obligations,
net of debt discount:
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|
|
|
|
|
|
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|
Convertible
Notes
|
|
$ |
389,139 |
|
|
$ |
— |
|
|
Term Loan A
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|
|
49,676 |
|
|
|
49,582 |
|
|
Term Loan B
|
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|
14,862 |
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|
|
14,853 |
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|
|
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|
|
|
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|
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Total current debt
obligations
|
|
|
453,677 |
|
|
|
64,435 |
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|
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|
Long-term debt obligations,
net of debt discount:
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|
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|
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Term Loan A
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|
919,029 |
|
|
|
942,065 |
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Term Loan B
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|
1,463,907 |
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|
|
1,470,454 |
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|
Senior Notes
|
|
|
1,000,000 |
|
|
|
1,000,000 |
|
|
Convertible
Notes
|
|
|
1,168,083 |
|
|
|
1,558,660 |
|
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|
|
|
|
|
|
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Total long-term debt
obligations
|
|
|
4,551,019 |
|
|
|
4,971,179 |
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|
|
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|
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Total debt
obligations
|
|
$ |
5,004,696 |
|
|
$ |
5,035,614 |
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|
| Convertible Notes and Related Equity Components |
The Convertible
Notes and related equity components (recorded in additional
paid-in-capital, net of deferred taxes) consisted of the
following:
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| |
|
March 30,
2013 |
|
|
September 29,
2012 |
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|
2007 Notes principal
amount
|
|
$ |
405,000 |
|
|
$ |
775,000 |
|
|
Unamortized
discount
|
|
|
(15,861 |
) |
|
|
(50,591 |
) |
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|
|
|
|
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Net carrying
amount
|
|
$ |
389,139 |
|
|
$ |
724,409 |
|
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|
|
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|
|
|
|
|
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Equity component, net of
taxes
|
|
$ |
121,946 |
|
|
$ |
233,353 |
|
|
|
|
|
|
|
|
|
|
|
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|
2010 Notes principal
amount
|
|
$ |
450,000 |
|
|
$ |
450,000 |
|
|
Unamortized
discount
|
|
|
(66,314 |
) |
|
|
(74,062 |
) |
|
|
|
|
|
|
|
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Net carrying
amount
|
|
$ |
383,686 |
|
|
$ |
375,938 |
|
|
|
|
|
|
|
|
|
|
|
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|
Equity component, net of
taxes
|
|
$ |
60,054 |
|
|
$ |
60,054 |
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|
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2012 Notes principal
amount
|
|
$ |
500,000 |
|
|
$ |
500,000 |
|
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Unamortized
discount
|
|
|
(38,221 |
) |
|
|
(41,687 |
) |
|
|
|
|
|
|
|
|
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Net carrying
amount
|
|
$ |
461,779 |
|
|
$ |
458,313 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Equity component, net of
taxes
|
|
$ |
49,195 |
|
|
$ |
49,195 |
|
|
|
|
|
|
|
|
|
|
|
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|
2013 Notes principal
amount
|
|
$ |
370,000 |
|
|
$ |
— |
|
|
Principal
accretion
|
|
|
1,789 |
|
|
|
— |
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|
Unamortized
discount
|
|
|
(49,171 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
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|
Net carrying
amount
|
|
$ |
322,618 |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
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Equity component, net of
taxes
|
|
$ |
131,451 |
|
|
$ |
— |
|
|
|
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| Interest Expense Under Convertible Notes |
Interest
expense under the Convertible Notes was as follows:
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Three Months
Ended |
|
|
Six Months
Ended |
|
| |
|
March 30,
2013 |
|
|
March 24,
2012 |
|
|
March 30,
2013 |
|
|
March 24,
2012 |
|
|
Amortization of debt
discount
|
|
$ |
13,621 |
|
|
$ |
17,946 |
|
|
$ |
29,265 |
|
|
$ |
36,899 |
|
|
Amortization of deferred
financing costs
|
|
|
790 |
|
|
|
975 |
|
|
|
1,698 |
|
|
|
1,982 |
|
|
Principal
accretion
|
|
|
1,789 |
|
|
|
— |
|
|
|
1,789 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Non-cash interest
expense
|
|
|
16,200 |
|
|
|
18,921 |
|
|
|
32,752 |
|
|
|
38,881 |
|
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2.00% accrued
interest
|
|
|
8,616 |
|
|
|
8,567 |
|
|
|
17,226 |
|
|
|
17,145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
24,816 |
|
|
$ |
27,488 |
|
|
$ |
49,978 |
|
|
$ |
56,026 |
|
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